Pref Partners Wanted.

Cambridge Realty Capital is always on the lookout for new financial institutions and lenders to forge joint ventures with, says Cambridge President Jeffrey Davis. In fact, he adds, “A variety of different banks and lenders, including those who are active nursing home lenders, seek us out on a continual basis,” pointing out that finding ways to work together rather than simply competing is a win-win-win situation for everyone involved: Cambridge, partnering lenders/institutions and the borrower.

One of Cambridge’s newest ventures is an equity program of preferred equity for a variety of different types of senior housing properties, including age 55 and over, independent living assisted living, and memory care. “Cambridge has been investing significant time, energy, and resources in developing this program. We are having different conversations with various institutional partners and hope to have something in place over the next 90 days.” Davis envisions uses for these funds that would include partner buyout, slow lease-ups, debt paydowns, recapitalizations, and other types of opportunities looking for capital as well as retaining the majority of the equity. The average deal size ranges from $7,500,000 – $10,000,000 of equity.

Contact Cambridge today to find out more about our preferred equity program and how partnering with us is a savvy decision.  We're here for you with any program questions, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.